Stocks to watch: Cordlife, Seatrium, Global Invacom, Zico

THE following companies saw new developments that may affect trading of their securities on Tuesday (Apr 9):

Cordlife Group : P8A 0%: The cord-blood bank on Monday announced that one of its cryogenic storage tanks and a dry shipper, which collectively contain about 5,300 cord-blood units, are at high risk of being adversely affected by temperature excursions. The group intends to offer a refund and waiver of annual fees to the affected active clients. Shares of Cordlife last traded at S$0.172 before the company called for a trading halt on Apr 1. The counter resumes trading on Tuesday.

Seatrium : S51 0%, : S51 0%Global Invacom : QS9 0%: Both companies on Tuesday filed notices that they each registered three consecutive years of losses based on audited full-year consolidated accounts. Seatrium’s latest six-month average daily market capitalisation as at Apr 8 stood at S$7 billion, while Global Invacom’s was at S$13.7 million or below the S$40 million requirement to avoid being placed on the Singapore Exchange’s (SGX) watch list. Seatrium ended Monday S$0.001 or 1.2 per cent higher at S$0.085, while Global Invacom closed S$0.001 or 1.8 per cent down at S$0.056.